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Statoil ASA and BG Group PLC Plan East African Liquefied Natural Gas (LNG) Terminal-Reuters

Monday, 18 Mar 2013 11:04am EDT 

Reuters reported that following Statoil ASA's new find offshore Tanzania of 4 trillion-6 trillion cubic feet (tcf) of gas, the Company and Britain's BG Group PLC plan a USD 10 billion East African liquefied natural gas (LNG) terminal for exports to Asia. To allow exports of the fuel there will be a need for plants to turn gas into freezing liquid for transport by ship to major markets. 

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